Coinbase Pro, the US-based digital asset trading exchange, announced support for Stellar’s native crypto asset XLM on its platform recently. The listing will enable users on the platform to deposit their XLM approximately 12 hours prior to the initiation of full trading. XLM inbound transfers to the exchange would be accepted after 1 PM PT on March 13.
Brian Armstrong revealed the latest development through his official Twitter handle,
According to the official blog post, the XLM listing will be immediately available at all the jurisdictions supported by the exchange, excluding the state of New York.
After an adequate volume of XLM is delivered on the Coinbase Pro platform, order books for three trading pairs XLM/USD, XLM/BTC, and XLM/EUR would be initiated. To send XLM to Coinbase Pro, a Memo is required, falsely inputting, which could lead to the permanent loss of funds. Furthermore, funds sent without a Memo will not be received.
The blog post also detailed the stages of the launch, the first being the Transfer-only phase in which consumers will be able to deposit XLM on their exchange wallet. This phase will be live for 12 hours and order books will be in a transfer-only mode and no orders will be filled during this stage.
This phase will be followed by the Post-only stage, during which users on the platform will be able to post limit orders. In this stage, there will be no completed orders, and order books will be in a post-only mode for a minimum of 60 seconds.
The third is the Limit-only stage, which will last for approximately 10 minutes. Limit orders will be completed in this mode, however, consumers will not be able to submit market orders.
In the fourth and final stage, full trading services will be made available for users.
Stellar’s native cryptocurrency XLM drives the payment network for the open-sourced and decentralized protocol. Recently, XLM exhibited a sharp surge of around 30% in just 48 hours in a bearish market. The crypto-community associated the price surge to the coin’s logo modification. The foundation also revealed that its official rebranding was set to launch in May this year.
Stellar Price Analysis: Stellar (XLM) Price Indicates Escalation; Price Hovers Around $0.068
- Stellar embarks bullish trend.
- Traders should gear up for price rally.
Stellar (XLM) price was seen suffering in the price chart at the beginning of the month. The traders were surprised to see a sudden fall in the price of the coin. The downtrend in the coin continued for quite a long time.
The market started improving from the past couple of days. The same has given a boost to the coin. Today, there are many coins in the market that are falling. However, it seems like Stellar has finally paved its way to the top.
Current Statistics of Stellar:
- The coin is currently dealing at $0.068911.
- The ROI stands at 2215.79%.
- The coin is at the 11th position in the crypto market.
- The market cap is noted as $1,353,139,836.
- The circulating supply is at 19,636,141,841 XLM.
- The 24hr volume is marked as $106,936,497.
XLM to USD Price Comparison:
The chart is taken from Trading View on 24th August 2019, at 06:00:49 UTC for price analysis.
The coin opened with an escalation of 1.78% in yesterday’s chart. The price changed from $0.068 to $0.069. Later, the coin fell from $0.069 to $0.068 by 2.20%. Further, the coin again marked an escalation of 2.56% as the price changed from $0.067 to $0.069. The coin closed at $0.069 with an intraday profit of 2.19%. Today, the coin opened with a fall. The price slipped from $0.0698 to $0.0692. Later, the coin recovered the fall.
Stellar Price Prediction and Conclusion:
Stellar (XLM) has reflected a great potential in the past. We are anticipating a similar movement in the price of the coin would soon start. The traders can dig in as the coin holds a high prospect of an upsurge in the coming years.
The coin is likely to close the year around $0.1. In the coming years, the coin would be seen, making a 4% to 5% profit. We would recommend investing for a long term prospect. The coin is speculated to give the best result in the long term.
Stellar Price Analysis: Stellar (XLM) Price Bearish Trend About To End; Indicating Price Recovery On The Chart
- Stellar (XLM) price drop indicates a slight recovery.
- The traders can expect a better result from the intraday price movement.
Stellar (XLM) price was seen at an astounding level in the previous month chart. The current month has been quite a disappointment for the traders. The first week was all about the price drop. The second week reflected a slight improvement, but the third week was again disturbing.
The intraday chart started with a drop, but it is now moving up. Let’s have a closer look at the chart.
Stellar Current Statistics:
The chart is taken from Trading View on 22nd August 2019 at 05:29:29 UTC for price analysis.
Yesterday, the coin opened at $0.068. The coin escalated to $0.0689 and later fell to $0.066 by 3.45%. The drop continued, and price changed from $0.067 to $0.065 by 2.38%. The coin reflected a slight recovery by the closing of the day. The coin closed at $0.067 with an intraday loss of 2.42%. Today, the coin fell from $0.067 to $0.065 by 1.92%. The coin has improved on the chart and is currently dealing at $0.066.
|Market Cap||$1,284,371,707 USD|
|Circulating Supply||19,636,140,289 XLM|
|24hr Volume||$108,654,589 USD|
Stellar Price Prediction and Conclusion:
Stellar Lumens, the parent company of Stellar blockchain is trying all techniques to increase the popularity of the coin. The coin is speculated to climb in some time. But, the traders are recommended to hold their investment. The coin could end the year at $0.1. For now, the short term investment looks better for the coin. The investment could give a better result if the coin crosses $0.080 by the end of the month, but the prediction is astronomical.
Stellar Price Analysis: Stellar (XLM) Moving Upwards Finally! Hope To See Some Returns Very Soon!
Stellar has been organizing many webinars and seminars to grow and improve the credibility of XLM coin. Let’s hope for the same to happen soon.
XLM price is seen trading at $0.0722290 at 01:37 UTC on 20th August 2019. The value seems to move upwards. The other important factors of Stellar are as follows:
- Return on Investment: 2313.20%
- Total supply/Circulating Supply: 105,263,081,265 XLM/ 19,634,311,087 XLM
- 24 Hour Volume: 57,994,581 USD
- Market Cap Value: 1,409,925,159 USD
- 7 Day high/low: 0.075302 USD / 0.066479 USD
XLM to USD Price Comparison:
Well, we can see some surging in the right direction for Stellar after a long time. In the last five days, initially, the XLM price was trading below the baseline. On 15th August at 06:50 UTC, the value was trading at $0.06599, which was increased by 7.65% on the same day at 23:00 UTC trading at $0.07104250. Stellar price from then dropped by 5.86% on 17th August at 20:50 UTC with the trading price of $0.06689324. The price of XLM coin as of now is increased from then by 7.99%.
Stellar Price Prediction:
Currently, Stellar coin trading with bearish nature with some peep ups from the last few days, which means it may draw in new traders to offer on ‘purchase’ and incorporate XLM in their portfolio. The resistance and support levels can be considered as:
Till the flood is acknowledged emphatically on the bulls’ pattern, it is best exhorted not to offer on ‘sell’! In the upcoming months, it appears that the Stellar price may cross its 30-Day high value of $0.091. However, the truth will surface eventually, if that will occur!